Short Interest Update on Take-Two Interactive Software (TTWO)

Take-Two Interactive Software (TTWO) : The bears are holding on to their shorts in Accenture Plc with 8 more days remaining for them to cover their positions. The bearish positions have increased from 11,549,407 on Jul 29, 2016, to 12,895,870, on August 15, 2016. Daily, 1,654,620 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 1,346,463 shares, which is an increase of just 11.7%. The total short interest of 15.4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Take-Two Interactive Software (NASDAQ:TTWO): The stock opened at $42.20 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.67 for the day. The stock traded down to $42.06 during the day, due to lack of any buying support eventually closed down at $42.22 with a loss of -0.07% for the day. The stock had closed at $42.25 on the previous day. The total traded volume was 994,460 shares.


In a related news,The director officer (Chairman, CEO) of Take Two Interactive Software Inc, Zelnick Strauss sold 50,000 shares at $41.11 on August 8, 2016. The Insider selling transaction had a total value worth of $2,055,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Take-Two Interactive Software, Inc. is a developer, publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Companys products are designed for console gaming systems, such as Sonys PlayStation 3 and PlayStation 4, Microsofts Xbox 360 and Xbox One, and personal computers, including Smartphones and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead. The Companys 2K publishes owned and licensed titles across a range of genres, including shooter, action, role-playing, strategy, sports and family/casual.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.